The quarter enjoyed record provision recoveries and strong fee income generation. The coming quarters should remain supportive. The accelerated capital accumulation enabled management to announce a new $2bn share buyback.
25 Oct 2021
Record provision releases and new share buyback programme
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Record provision releases and new share buyback programme
HSBC Holdings Plc (HSBA:LON) | 619 0 0.0% | Mkt Cap: 117,402m
- Published:
25 Oct 2021 -
Author:
David Grinsztajn -
Pages:
2
The quarter enjoyed record provision recoveries and strong fee income generation. The coming quarters should remain supportive. The accelerated capital accumulation enabled management to announce a new $2bn share buyback.